07/02/2025
In response to the Queensland Government's announcement regarding the pause of Project Trust Account rollout citing "lack of available software" among other factors, E2EFi emphasizes that fully compliant solutions are currently available and in active use within the industry.
E2EFi, a leading provider of construction industry financial software solutions, today confirms the immediate availability of its comprehensive Project Trust Account management software, directly addressing recent concerns about the availability of compliant solutions in Queensland.
The suggestion that there is a lack of available software solutions for Project Trust Accounts does not reflect the current market reality. Our statutory trust software has been specifically designed to meet all requirements of the Building Industry Fairness (Security of Payment) Act and QBCC guidelines, and is already serving Queensland contractors effectively.
E2EFi's Project Trust Account software solution offers:
- Full compliance with BIF Act requirements and QBCC guidelines
- Comprehensive trust account management capabilities
- Automated project bank account administration
- Real-time record-keeping and reporting
- Regular updates to maintain alignment with regulatory changes
- Cloud-based accessibility and security
The solution has been developed by industry professionals for industry professionals, incorporating deep understanding of both regulatory requirements and practical operational needs. The software is currently supporting successful Project Trust Account management for projects that fall under existing requirements, including state government contracts valued at $1 million and above, and local government and private industry contracts valued at $10 million and above.
Moreover, E2EFi's solution framework is adaptable to similar regulatory requirements in other jurisdictions, demonstrating its robust and flexible architecture.
For construction industry participants seeking to prepare for future Project Trust Account requirements, E2EFi's solution is available now and includes comprehensive implementation support and training.
About E2EFi
E2EFi is a specialized provider of financial software solutions for the construction industry, focusing on regulatory compliance and efficient financial management. Our solutions are designed to meet current and emerging statutory requirements while supporting practical business operations.